UAE firms reap rewards from Iraq project

Sharjah-based Crescent Petroleum and Dana Gas have begun commercial gas sales from the KM250 expansion at the Khor Mor facility in the Kurdistan Region of Iraq (KRI), after completing the project eight months ahead of schedule.

- BY JUSTIN VARGHESE Your Money Editor

The $1.1 billion initiative adds 250 million standard cubic feet per day (MMscf/d) of new processing capacity, increasing Khor Mor's total to 750 MMscf/d — a 50 per cent boost. The additional supply will support Iraq